Nicaragua

Abstract

Wikipedia Country Information

Nicaragua (; Spanish: [nikaˈɾaɣwa]), officially the Republic of Nicaragua (Spanish: República de Nicaragua ), is the largest country in the Central American isthmus, bordered by Honduras to the north, the Caribbean to the east, Costa Rica to the south, and the Pacific Ocean to the west. Nicaragua's capital, Managua, is the country's largest city and the third-largest city in Central America. The multi-ethnic population of six million includes indigenous peoples, Europeans, Africans, and Asians. The main language is Spanish. Native tribes on the eastern coast speak their own languages.
The Spanish Empire conquered the region in the 16th century. Nicaragua gained independence from Spain in 1821. Since its independence, Nicaragua has undergone periods of political unrest, dictatorship, and fiscal crisis—the most notable causes that led to the Nicaraguan Revolution of the 1960s and 1970s. Nicaragua is a representative democratic republic.
The mixture of cultural traditions has generated substantial diversity in art and literature, particularly the latter given the literary contributions of Nicaraguan poets and writers, including Rubén Darío, Pablo Antonio Cuadra and Ernesto Cardenal. The biological diversity, warm tropical climate and active volcanoes make Nicaragua an increasingly popular tourist destination.


Summary
Instruments ratified: 104 / 282
World Average Ratifications: 114 / 282
Ratification rate: 40.43%
World Average Rate: 41.25%
Weighted score: 44.07%
World Average Weighted Score: 41.25%
World rank: 87 / 194
Central America rank: 6 / 8
Central America Avg. Ratifications: 112 / 282
Developing country rank: 40 / 87
Developing country Avg. Ratifications: 109 / 282
Comparative Statistical Analysis
CONTRACTS Inst. ratified Country score World avg. score Country rank in world Strength
Agency 0/2 0.00% 2.00% 8 Weak
Conflict of laws 0/7 0.00% 3.00% 27 Weak
E-commerce 1/3 (33.33%) 33.33% 18.00% 33 Strong
Franchising 0/1 0.00% 0.00% 1 Average
Leasing/Factoring 0/2 0.00% 5.00% 13 Weak
Principles, trade usages and standards 0/2 0.00% 0.00% 1 Average
Procurement 0/4 0.00% 3.00% 31 Weak
Sale of Goods 0/5 0.00% 25.00% 89 Weak
Travel contracts 0/1 0.00% 3.00% 7 Weak
Total 1 7.25% 9.00% 94 Weak
 
CUSTOMS Inst. ratified Country score World avg. score Country rank in world Strength
Customs Codification 0/3 0.00% 78.00% 153 Weak
Customs Cooperation 0/6 0.00% 26.00% 117 Weak
Exemption from Duties 1/9 (11.11%) 11.11% 30.00% 109 Weak
Temporary Admission 0/11 0.00% 28.00% 126 Weak
Transit 0/4 0.00% 28.00% 98 Weak
Total 1 3.26% 31.00% 168 Weak
 
DISPUTE RESOLUTION Inst. ratified Country score World avg. score Country rank in world Strength
Arbitration 3/6 (50.00%) 65.00% 32.00% 6 Strong
Judicial cooperation 1/5 (20.00%) 26.32% 36.00% 76 Weak
Recognition of foreign judgments 0/2 0.00% 2.00% 6 Weak
State court jurisdiction 0/4 0.00% 14.00% 29 Weak
State court procedure 0/1 0.00% 6.00% 12 Weak
State immunities 0/1 0.00% 11.00% 22 Weak
Total 4 36.00% 29.00% 60 Strong
 
ENVIRONMENT AND PRODUCTS Inst. ratified Country score World avg. score Country rank in world Strength
Air 4/5 (80.00%) 80.00% 86.00% 59 Weak
Chemicals 1/1 (100.00%) 100.00% 78.00% 1 Strong
Energy 0/2 0.00% 25.00% 50 Weak
Flora and fauna 7/10 (70.00%) 71.74% 68.00% 72 Weak
Foodstuff 2/2 (100.00%) 100.00% 79.00% 1 Strong
General 1/1 (100.00%) 100.00% 95.00% 1 Weak
International watercourses 0/1 0.00% 18.00% 36 Weak
Maritime and Law of the Sea 12/26 (46.15%) 52.17% 46.00% 85 Strong
Protected geographical areas 0/1 0.00% 27.00% 54 Weak
Waste 1/1 (100.00%) 100.00% 93.00% 1 Weak
Total 28 64.58% 61.00% 86 Weak
 
FINANCE, PAYMENTS AND INSOLVENCY Inst. ratified Country score World avg. score Country rank in world Strength
Assignment of receivables 0/1 0.00% 1.00% 2 Weak
Bankruptcy and insolvency 0/1 0.00% 21.00% 41 Weak
Bills of exchange and promissory notes 0/4 0.00% 8.00% 43 Weak
Cheques 3/3 (100.00%) 100.00% 13.00% 1 Strong
Credit transfers 0/1 0.00% 0.00% 1 Average
International guarantees 0/3 0.00% 20.00% 75 Weak
Total 3 12.20% 12.00% 85 Weak
 
GOOD GOVERNANCE Inst. ratified Country score World avg. score Country rank in world Strength
Corruption 1/4 (25.00%) 41.67% 50.00% 92 Weak
Cultural Property 2/4 (50.00%) 50.00% 54.00% 61 Weak
Drugs 3/3 (100.00%) 100.00% 95.00% 1 Weak
Insider Trading 0/1 0.00% 4.00% 9 Weak
Organized crime 2/2 (100.00%) 100.00% 80.00% 1 Strong
Total 8 69.23% 68.00% 86 Weak
 
HUMAN RIGHTS AND LABOUR STANDARDS Inst. ratified Country score World avg. score Country rank in world Strength
Human Rights 7/7 (100.00%) 100.00% 96.00% 1 Weak
Labour Standards 8/8 (100.00%) 100.00% 86.00% 1 Strong
Total 15 100.00% 91.00% 1 Average
 
INSTITUTIONAL PARTICIPATION Inst. ratified Country score World avg. score Country rank in world Strength
Dispute Resolution 0/1 0.00% 39.00% 77 Weak
International Trade Law 7/10 (70.00%) 70.00% 73.00% 84 Weak
Trade support institutions 2/6 (33.33%) 33.33% 51.00% 114 Weak
Total 9 52.94% 63.00% 108 Weak
 
INTELLECTUAL PROPERTY Inst. ratified Country score World avg. score Country rank in world Strength
Broadcasting 1/1 (100.00%) 100.00% 47.00% 1 Strong
Copyright 2/3 (66.67%) 90.91% 65.00% 48 Strong
Industrial designs 0/2 0.00% 31.00% 82 Weak
Integrated circuits 0/1 0.00% 2.00% 4 Weak
Neighboring Rights 3/3 (100.00%) 100.00% 46.00% 1 Strong
Origin 2/3 (66.67%) 66.67% 14.00% 7 Strong
Patents 3/5 (60.00%) 71.43% 57.00% 60 Strong
Trademarks 1/6 (16.67%) 22.73% 33.00% 86 Weak
Varieties of plants 1/1 (100.00%) 100.00% 37.00% 1 Strong
Total 13 62.11% 42.00% 53 Strong
 
INVESTMENTS Inst. ratified Country score World avg. score Country rank in world Strength
Investment disputes 1/2 (50.00%) 50.00% 39.00% 2 Strong
Investment guaranty 1/1 (100.00%) 100.00% 93.00% 1 Weak
Total 2 66.67% 57.00% 2 Strong
 
PRODUCTS Inst. ratified Country score World avg. score Country rank in world Strength
Marine Resources 1/1 (100.00%) 100.00% 24.00% 1 Strong
Timber 0/1 0.00% 31.00% 61 Weak
General 1/1 (100.00%) 100.00% 92.00% 1 Weak
Total 2 61.54% 53.00% 61 Strong
 
TRANSPORT AND TELECOMMUNICATIONS Inst. ratified Country score World avg. score Country rank in world Strength
Air transport 1/7 (14.29%) 14.29% 59.00% 168 Weak
Aircrafts and civil aviation 5/9 (55.56%) 76.00% 74.00% 80 Weak
Maritime shipping and load lines 8/13 (61.54%) 80.00% 66.00% 88 Strong
Maritime transport 2/12 (16.67%) 8.33% 27.00% 153 Weak
Multi modal transport 0/2 0.00% 4.00% 15 Weak
Rail transport 0/3 0.00% 22.00% 50 Weak
Road transport 0/4 0.00% 31.00% 86 Weak
Space 0/4 0.00% 40.00% 120 Weak
Telecommunications 1/2 (50.00%) 16.67% 47.00% 102 Weak
Total 17 35.81% 50.00% 150 Weak
 
TREATIES LAW Inst. ratified Country score World avg. score Country rank in world Strength
General 0/4 0.00% 30.00% 113 Weak
Total 0 0.00% 30.00% 113 Weak
 
WTO Inst. ratified Country score World avg. score Country rank in world Strength
Plurilateral Agreements 0/2 0.00% 18.00% 45 Weak
WTO Agreements 1/1 (100.00%) 100.00% 81.00% 1 Strong
Total 1 45.45% 47.00% 45 Weak
 
Strengths and Weakness
Strong
Contracts E-commerce
Dispute resolution Arbitration
Environment and products Chemicals
Environment and products Foodstuff
Environment and products Maritime and Law of the Sea
Finance, payments and insolvency Cheques
Good Governance Organized crime
Human Rights and Labour Standards Labour Standards
Intellectual property Broadcasting
Intellectual property Copyright
Intellectual property Neighboring Rights
Intellectual property Origin
Intellectual property Patents
Intellectual property Varieties of plants
Investments Investment disputes
Products Marine Resources
Transport and telecommunications Maritime shipping and load lines
WTO WTO Agreements
 
Average
Contracts Franchising
Contracts Principles, trade usages and standards
Finance, payments and insolvency Credit transfers
 
Weak
Contracts Agency
Contracts Conflict of laws
Contracts Leasing/Factoring
Contracts Procurement
Contracts Sale of Goods
Contracts Travel contracts
Customs Customs Codification
Customs Customs Cooperation
Customs Exemption from Duties
Customs Temporary Admission
Customs Transit
Dispute resolution Judicial cooperation
Dispute resolution Recognition of foreign judgments
Dispute resolution State court jurisdiction
Dispute resolution State court procedure
Dispute resolution State immunities
Environment and products Air
Environment and products Energy
Environment and products Flora and fauna
Environment and products General
Environment and products International watercourses
Environment and products Protected geographical areas
Environment and products Waste
Finance, payments and insolvency Assignment of receivables
Finance, payments and insolvency Bankruptcy and insolvency
Finance, payments and insolvency Bills of exchange and promissory notes
Finance, payments and insolvency International guarantees
Good Governance Corruption
Good Governance Cultural Property
Good Governance Drugs
Good Governance Insider Trading
Human Rights and Labour Standards Human rights
Institutional Participation Dispute Resolution
Institutional Participation International Trade Law
Institutional Participation Trade support institutions
Intellectual property Industrial designs
Intellectual property Integrated circuits
Intellectual property Trademarks
Investments Investment guaranty
Products General
Products Timber
Transport and telecommunications Air transport
Transport and telecommunications Aircrafts and civil aviation
Transport and telecommunications Maritime transport
Transport and telecommunications Multi modal transport
Transport and telecommunications Rail transport
Transport and telecommunications Road transport
Transport and telecommunications Space
Transport and telecommunications Telecommunications
Treaties law General
WTO Plurilateral Agreements
Instruments ratifications

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